Labor productivity is
A) the average amount of real GDP produced per hour of labor.
B) the rate of change in the amount of real GDP produced per hour of labor.
C) the average amount of real GDP produced per worker times the number of workers.
D) the average amount of real GDP produced per worker times the number of people.
Correct Answer:
Verified
Q120: Full employment corresponds to
A) equilibrium in the
Q121: Dividing the value of real GDP by
Q122: An increase in a nationʹs population results
Q123: Q124: An increase in the working-age population results Q126: Employment and total) potential GDP increase if Q127: Labor productivity equals Q128: An increase in a nationʹs population results Q129: If the labor and capital grow more Q130: Potential GDP per labor hour can increase
A) real GDP divided by
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